Seaspan to upgrade and expand Vancouver Drydock shipyard Canada's Seaspan Shipyards is making substantial investments to upgrade and expand its Vancouver Drydock infrastructure to help grow the company's ship repair and maintenance operations. Seaspan received permit approval from the Vancouver
Cyberattack hits Washington State Ferries Maritime's vulnerability to cyberattacks continues - around the world. Last week, as one of Australia's largest port operators, DP World Australia was forced to shut down operations for three days, Washington State
MSC Cruises orders two more World Class cruise ships Geneva, Switzerland, based MSC Cruises has confirmed the orders for two new LNG-fueled World Class cruise ships at Chantiers de l'Atlantique. With the first ship in the 1,094 feet, 6,762 passenger series,
Two Modes, Split Roads Author of the article: Zvi Schreiber, CEO of Freightos Group At FreighTech 2023, the annual conference we hold each year to spark innovation and efficiency in the freight industry, I focused my opening remarks on digitalization, specifically on the rate of digitalization among air freight and ocean freight. It is indeed "A Tale of Two Modes," each with its own story, pace, successes, and snags. I
ONE organised first interactive loss prevention workshop Ocean Network Express (ONE) announced the success of its first interactive loss prevention workshop, held at ONE's headquarters in Singapore on 7 November 2023. The workshop brought together representatives from Protection and Indemnity (P&I) clubs - NorthStandard Club, UK P&I Club, Steamship Mutual - as well as ONE's insurance provider, TM Claims Service Asia, and broker, Marsh. Additionally, wo
Mundra, India's first port to handle over 16 MMT in single month Mundra Port, the flagship of APSEZ, established another milestone in October by moving 16.1 million metric tonnes (MMT) of cargo, the highest-ever volume handled by any port in India. Mundra Port is the country's largest port, with 102 MMT of cargo handled year to date (YTD), representing a 9% year-on-year increase. The port crossed 100 MMT in 210 days, breaking the previous record of 231 days se
NYK unveils seventh LNG-powered pure car and truck carrier Tadotsu Shipyard, a member of the Imabari Shipbuilding Group, delivered the LNG-fuelled pure car and truck carrier (PCTC) Sweet Pea Leader to NYK on 26 October. NYK ordered the vessel from Nihon Shipyard, and it is the company's eighth LNG-fueled PCTC. NYK will launch a total of 20 additional LNG-fueled PCTCs by 2028 as a bridging solution to achieve net-zero GHG emissions for the NYK Group's oce
APM Terminals Callao receives green light to start development works The General Directorate of Environmental Affairs (DGAAM) of Peru's Ministry of Transport and Communications (MTC) has approved the approach to environmental management at APM Terminals Callao. This means that the global port operator has environmental authorisation to start the third stage of development works at the Multipurpose North Terminal. Works include the construction of a battery of vert
PSA Halifax enhances handling capabilities with new mega STS cranes PSA Halifax unloaded two brand new mega Ship-to-Shore (STS) cranes for its Atlantic Hub terminal on the south end of the Canadian port. These new ultra-large cranes will be added to the five existing super-post-panamax cranes at the terminal, thus allowing PSA Halifax to handle the largest container vessels deployed along the North American East Coast. This new equipment will also play an importa
Interview with Mario Cordero, CEO of Port of Long Beach Climate change concerns have caused companies all around the world to reassess their shipping strategies. As clients become more interested in sustainable solutions, supply chain companies are adjusting their methods to meet demand. Mario Cordero, CEO of the Port of Long Beach, talked to Container News about a collaboration of leading maritime goods movement stakeholders, including the California
First direct freight rail connection between Spain and France A new direct freight rail service connects the port of Barcelona in Spain with the French cities of Toulouse and Lyon. The container service, created by APM Terminals Railways Spain, Synergy and Naviland Cargo, will provide four weekly connections between the port of Barcelona and these southern French cities four times a week, three to Toulouse and one to Lyon. This latest connection is direct,
DP World's Australian terminals restore activities after cyber attack DP World's Australian container terminals have resumed operations today (13 November), after their computer systems were hacked over the weekend. The terminals in Melbourne, Sydney, Brisbane and Perth were hacked on 10 November and the restoration took nearly three days. Normal operations resumed at 9 am (local time) today, after systems were successfully tested last night. DP World estimates tha
No sign of nearshoring, according to Sea-Intelligence analysis Since the onset of the pandemic, there has been considerable focus on the concept of nearshoring, where production is brought closer to the consumers, countervailing the strong trend of production offshoring seen over the previous decades, according to Sea-Intelligence. A side-effect of nearshoring would be a shortening of supply chains as some production will move closer to the end-consumer, but
cargo-partner opens new office in UK Global transport and logistics provider cargo-partner has launched its fourth office in the United Kingdom, located near London Heathrow Airport. The cargo-partner teams are now located in Manchester, Basildon, Bradford and London, providing full air, sea, and road transport solutions. Following the formation of a joint venture with Aztek International Freight Ltd in 2021, cargo-partner purchased
Santos Brasil box terminal selects new operating system Tecon Santos, one of South America's largest container terminals, managed by Santos Brasil selected OPUS - TOS (Terminal Operating System) software from CyberLogitec, a South Korean company specializing in technological operational solutions for logistics terminals. The new system, chosen for its simplicity of integration with new technologies, allows the terminal to leverage cutting-edge technol
Quebec-based blue economy innovation hub Novarium collaborates with Port of Barcelona Novarium, the Quebec-based blue economy innovation hub, announced the creation of a strategic partnership with the Port of Barcelona. This collaboration will give companies funded by Novarium with access to the Port of Barcelona's Blue Sandbox, enhancing the link between Quebec and Barcelona. Furthermore, the partnership has been designed to act as a catalyst for non-dilutive investment funding f
Wärtsilä delivers autodocking system to Seaspan Wärtsilä ANCS, a subsidiary of Wärtsilä, has offered cutting-edge autonomous SmartDock capabilities to Seaspan, a marine transportation and shipbuilding firm. This delivery represents a key step toward autonomous docking and undocking operations, which will make marine activities safer and more efficient. Wärtsilä ANCS's SmartDock system enables Seaspan to undertake autonomous docking manoeuvres
HMM's financial figures sink in 2023 South Korean ocean carrier HMM reported that its third-quarter revenue decreased by 58% to US$1.6 billion. At the same time, the company's operating profit was US$57 million, with a margin of 3.6% and net profit reached US$72 million with a margin of 4.5%. HMM said it maintains profits in an unfavourable market situation for the cumulative nine-month period. The revenue and operating profit came
Ørsted exits Norwegian offshore wind partnership with Fred Olsen Seawind and Hafslund Denmark's Ørsted has scrapped plans to bid for offshore wind developments in Norway in partnership with Fred Olsen Seawind and Hafslund Eco. "Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and therefore their participation in the partnership ...
Octopus makes debut investment in German offshore wind Britain's Octopus Energy has made its first investment in Germany's offshore wind sector with a 5% stake in 288 MW Butendiek project in the German North Sea. The 80-turbine offshore wind farm 32 km west of the island of Sylt has been operational since 2015 generating power for 370,000 homes. The deal marks the next ...
N-Sea charters in Rederij Groen OSV Dutch subsea services specialist N-Sea has struck a deal with fellow shipowner Rederij Groen on a long-term charter for the offshore support vessel 4-Winds. N-Sea will have the vessel under full management and control, strengthening its footprint in the subsea service sector, following the expansion of the offshore oil and gas and offshore wind markets. ...
Diamond Offshore wins drillship work off Guinea-Bissau Houston-based Diamond Offshore has entered a drilling contract with an undisclosed client for one of its drillships for work offshore Guinea-Bissau. The drillship Ocean BlackRhino was awarded a one-well contract with a minimum duration of 30 days representing $15.4m of additional backlog, excluding mobilization. Work under the new contract is expected to begin in July ...
Odfjell strengthening fleet with charter and pool deals for six Japanese newbuilds Norwegian chemical tanker owner and operator Odfjell is boosting its fleet through charter and pool agreements for six newbuild vessels. The move will lift the Oslo-listed company's fleet of 25,000 dwt to 40,000 dwt stainless steel ships to 12 when they deliver between 2024 and 2027. The latest series will be built at multiple shipyards ...
Capital Product Partners shifts focus to LNG in $3.1bn deal for 11 newbuilds Greek owner Capital Product Partners has entered into an umbrella agreement with Capital Maritime and Capital GP for the acquisition of 11 newbuild LNG carriers from the Evangelos Marinakis-led company for a total acquisition price of $3.13bn. The 11 vessels in question are all two-stroke Mega Mark III Flex 174,000 cu m LNG carriers either built ...
Avenir LNG CEO steps down Peter Mackey will be stepping down as chief executive of small-scale liquified natural gas player Avenir LNG. Mackey was first appointed CEO on an interim basis in November 2020, replacing Milorad Doljanin. He will remain with the company until the end of the first quarter of 2024 to support with the leadership transition. Commenting on ...
Petro Services and Ocean Installer team up for TotalEnergies contract off Angola Marine construction contractor Ocean Installer has secured work from TotalEnergies and its Block 17 partners on the Pazflor FPSO offshore Angola. As part of the deal, Ocean Installer will as the main subcontractor to West Africa and Middle East-focussed OSV operator Petro Services carry out umbilical recovery and reinstallation scope on the FPSO later this ...
Exmar returns to offshore drilling with Vantage stake Belgium's Exmar has made its return to the offshore drilling sector with a stake in the Houston-headquartered rig owner and operator Vantage Drilling. The Nicolas Saverys-controlled gas shipowner and infrastructure provider has revealed an 11.5% ownership interest in the OTC-listed business, marking its re-entry into the sector after more than two decades. Established in 2007, ...
Fujian Shipping signs for pair of ultramaxes at Nantong Xiangyu Fujian Shipping Group has placed an order for two ultramax bulk carriers at compatriot builder at Nantong Xiangyu Shipbuilding & Offshore Engineering. The 64,000 dwt duo is expected to deliver in 2025, according to Clarksons Research. No price has been revealed but brokers are quoting around $33m for similar newbuild tonnage. Xiangyu has been marketing ...
123: Panama queue growing day by day There are now a total 123 ships waiting to transit the Panama Canal, considerably higher than the 90-ship average of the past seven years since the waterway was expanded. At its worst moment, back in August of this drought-ridden year, the canal had more than 160 ships waiting to cross. Drought has forced the canal's ...
GC Rieber offers to buy remaining stake in GC Rieber Shipping Norway's GC Rieber has submitted a bid to buy all the shares it does not already own in its Oslo-listed shipowner and project house, GC Rieber Shipping. The Bergen-based privately owned company that operates within the fields of real estate, shipping and industry is offering NOK8.8 per share, a premium of 79% to the closing ...
Eqva sells Havyard Leirvik yard to Turkish shipbuilder Norwegian ship technology group Eqva, formerly known as Havyard, has entered into an agreement to divest its Havyard Leirvik yard in Norway. Eqva said that the divestment reaffirms the company's strategic direction to become an industrial investment company. Eqva ASA is selling its shares (100%) in the Havyard Leirvik yard, and its two subsidiaries Havyard ...
Winning bolsters newcastlemax arm Chinese capesize specialist Winning International Group has another newcastlemax on its books. The Singapore-based bulker giant has reached a deal for an 18-year bulker, added from Lou and George Kollakis's Chartworld Shipping. The 206,000 dwt, Namura-built has now been renamed Sunny Mamou and will join Winning's armada hauling bauxite from West Africa to China. No ...
Siemens Gamesa nixes plans for US offshore wind turbine blade factory Wind turbine maker Siemens Gamesa has cancelled its plans for an offshore wind turbine blade factory in the US. Siemens Gamesa did not provide many details regarding the cancellation and claimed that it had called off the construction of the factory due to its inability to meet development milestones. The proposed $200 million factory was ...
DP World resumes operations in Australia following crippling cyber attack DP World resumed operations across Australia on Monday, having halted work for three days following a high-profile cyber attack. DP World cut its systems from the internet when the attack was detected Friday, preventing trucks from unloading or picking up cargo at ports in Sydney, Melbourne, Brisbane and Fremantle. "DP World Australia is pleased to ...
Shipmanagement company launched in Dubai focusing on methanol-powered vessels A shipmanagement venture has been created to focus on methanol-powered ships. Dockendale Ship Management has teamed with methanol marine specialist Green Marine to form the new Dubai company. Dockendale Green Marine Ship Management will be headed by Vikrant Gusain, who joined Dockendale in April this year after many years with Fleet Management and Univan Ship ...
Euronav and Ocean Yield agree sustainability-linked sale and leaseback on two suezmaxes Norwegian sale and leaseback player Ocean Yield has picked up a pair of modern suezmax tankers from Belgium's Euronav. The KKR-controlled owner is buying the 2022 Daehan Shipbuilding-built 157,310 dwt and , which will, after delivery in the fourth quarter, be chartered back to Euronav for 14 years. The deal will add about $250m to ...
The insidious food mile Andrew Craig-Bennett hits out at foodstuffs moving by plane. Long ago, in an expensive hotel, I saw a menu that offered air flown beef. I did wonder how anything might fly, if not by air, on this planet anyway, but it was a menu, and the more expensive the restaurant, the sillier the menu, as ...
US Treasury said to target 30 shipmanagers over suspected G7 oil cap price breaches If reports are verified this represents the first significant intervention in Russian trades since sanctions were introduced 11 months ago
Türkiye shipmanager Unic takes on nine Gatik tankers shipping Russian oil Unic Tanker Ship Management is the only company that has taken over management of Gatik ships that can be verified...
Capital Product Partners agrees to acquire 11 Marinakis-owned LNG carriers for $3.1bn Public company will also have first refusal on Greek shipowner's recently ordered very large ammonia carriers and liquid CO2 carriers
The week in newbuildings: China Merchants confirms $508m contracts for PCTCs and dry cargo carriers CMES has exercised options for four pure car and truck carriers and has signed new orders for two kamsarmax bulkers...
Ports and customs seek to build trust Port operators and customs organisations have competing interests in trade flows. Digitalising their processes will help facilitate cargo movement while...
The week in charts: Civilian vessel struck in Ukraine | Tanker asset values head upwards | Iran's oil exports remain elevated Average sailing distance per teu shows no pronounced downward trend, Torm boosts fleet with secondhand ships, and scrubber spreads widened...
More biofuels and e-fuels for cars and trucks would mean less for ships, T&E argues Uptake of synthetic fuels in road transport would not benefit shipping, contrary to what e-fuel industry groups suggest, T&E said...
MSC continues disposal of ageing boxships with sale of 36-year-old vessel to Indian recyclers The 1987-built MSC Chiara has been sold for Hong Kong Convention recycling in India. Recycling sales in the past week...
Why P&I clubs are giving away tens of millions of dollars As Mary Poppins could have told you, a spoonful of sugar helps the medicine go down
IG chief cites growing geopolitical risks as top concern Shaw believes verifying authenticity of price cap attestation for Russian cargo should not be the task of clubs, despite IG-insured...
Daily Briefing Industry falling short in addressing seafarer shortfall | CMA CGM hunkers down as market deteriorates | Los Angeles seeks to...
DP World Australia restores operations after cyber attack suspends services Port operator expects to transport around 5,000 containers from terminals in Melbourne, Sydney, Brisbane and Fremantle, after a cybersecurity breach...
J. B. Hunt shakes up Mexico-US intermodal market with Ferromex deal The largest US domestic intermodal provider will no longer partner with CPKC on cross-border loads destined for the Midwest and West Coast, in the latest shifting of alliances on new services between Mexico and the US.
Integrate an ESP8266 with a Web Database The Kintone Developer Program provides tutorials for integrating ESP8266 with Kintone's web database.
Forward Air formally moves to terminate Omni Logistics merger The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.
Taiwan's major container lines see nine-month profits plunge amid market downturn Yang Ming said the imbalance between vessel supply and cargo demand, high inflation and geopolitical risks will be among the factors pressuring the ocean market into 2024.
Seaboard Marine includes Wilmington in new Central America service The direct service that kicks off at the end of the month will add further options to transport apparel, textiles, poultry, pork and agricultural products between Central America and the US East Coast.
Cargo operations partially resume after cyberattack hits DP World Australia The incident comes as dockworkers announced a further series of strikes this week at DP World's four Australian terminals in an ongoing row over new rostering arrangements.
India's Adani secures big US investment for Colombo container terminal project The move holds considerable significance as it comes amid accelerated efforts by India and the US to boost bilateral ties at multiple levels.
Deteriorating ocean market hits CMA CGM's third-quarter earnings The carrier remains profitable, but rate levels maintained their downward trend as the global economic slowdown continued to weigh on the container shipping industry.
'Shot across the bow' as US fires off letters to tanker players over Russia price cap Some 30 companies have been sent letters from Ofac over Western sanctions
MSC Cruises strikes on options, ordering LNG-fuelled duo in France Cruise giant's orderbook at Chantiers reaches four vessels as option added for fifth ship
'Long only' US investor shows VLCC ace DHT Holdings the meaning of Fidelity After more than three years of faith, Boston fund has upped its bet again
Too much or too little? US rules ignite spat over the reporting of 'harassment' at sea American Waterways Operators want the obligation to report harassment removed, while seafarers' lawyers call for strengthening the law
Stefanou brothers continue bulker push with fresh buying burst Greek owners' outfits Bright Navigation and Sea Gate Navigation expand rapidly with secondhand acquisitions
Avenir LNG loses CEO Peter Mackey as search starts for replacement Commercial director to work with board to ensure 'smooth running of company'
'Leadership must evolve,' says Hill Dickinson's Peter Jackson of his departure Law firm's CEO explains why it made sense to announce succession plan now
Odfjell adds six newbuild chemical tankers in Japanese pool and charter deals Norwegian owner expands fleet again with stainless steel ships being built in Japan
Brazil well placed to tap into long-haul oil trade to China Financial and geopolitical ties between the two countries could help drive up rates for VLCCs in 2024, says Danish Ship Finance
Capital Product Partners buys 11 Marinakis LNG carriers for $3.1bn in pure-play gas move US-listed Capital Product Partners plans to divest from boxships and rebrand itself as Capital New Energy Carriers
Turkish shipbuilder snaps up Norway's Havyard Leirvik shipyard Owner of the shipbuilder wants to focus on being an industrial investment company
Product and chemical tanker owners avoid 'falling dominoes' in equity markets, Clarksons says Acquisitions and improving earnings ahead of winter are bucking the trend of investor caution
Shipping seers needed: Clarksons launches annual rate forecasting competition UK shipbroker asking industry players to predict next November's ClarkSea Index level
Stakes in Greek shipping lenders up for grabs as bailout fund cashes out Major stakes in two Greek banks with a combined shipping portfolio of more than $6bn are changing hands
Green Marine and Dockendale form world's first dedicated methanol ship management company Partnerships being established to handle fleet of new eco vessels
VLCC rally from US Gulf expected despite election uncertainty Dozens of the largest crude carriers are ballasting to the US to tap into promising rates
Ocean Yield adds $250m to profit backlog in Euronav suezmax lease deal KKR-backed sale-and-leaseback company buys 2022-built duo with charters back to Belgian operator
Rieber family launches offer to take full control of listed GC Rieber Shipping Norwegian owners have reached more than 90% ownership with recent share acquisitions
Exmar returns to drilling after two decades and boosts dividend Purchase of a stake in US-listed Vantage Drilling marks Exmar's re-entry into the business after more than 20 years
Greece's Arcadia Shipmanagement emerges behind tanker order at Hyundai shipyard The deal is the outfit's first new vessel contract in eight years
Tanker owners gather to celebrate ex-Braemar man John Lorkin's 50 years as a shipbroker The veteran has retired as head of specialist tankers
HD Hyundai's Kisun Chung moves into position as vice chairman Reshuffle at world's largest shipbuilder brings promotion for chaebol founder's grandson
Erik Thun tanker out of action after funnel fire in Kiel Canal Repairs to product carrier expected to take two weeks
Huge increase in planned carbon capture projects as shipping rushes to respond to potential demand
Policy shifts see increase in CCS and CO2 shipping The veteran has retired as head of specialist tankers
Genco Shipping may be parting with three smallest capesize bulkers in fleet revamp Quartet of supramaxes could also be on the block as owner girds for Europe's ETS
Angeliki Frangou warns of dark clouds amid 'dangerous times' for shipping Navios Partners CEO gets candid with TradeWinds, offering cautionary note on shipping's future amid macroeconomic risks
HD Hyundai's Chung Ki-sun moves into position as vice chairman Reshuffle at world's largest shipbuilder brings promotion for chaebol founder's grandson
DP World Australia target of 'significant' cyber attack Reports say about 30,000 containers are stuck from moving in and out of the DP World terminals
Greek owner to sell all container ships, spend $3B on LNG tankers A fleet of container vessels is up for sale as a company backed by Greece's Evangelos Marinakis switches its bets to LNG shipping.
CMA CGM investing in US infrastructure to control its destiny CMA CGM, like many other carriers, is reporting serious revenue loss. The North America president and CEO goes into detail with American Shipper and explains why the company is investing in more physical infrastructure.
Cargojet founder Virmani passes torch to co-CEOs Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
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